High Grade Higher?
Each evening we
focus on the most interesting aspects for the upcoming
trading day. The comments are based on observations of the
nightly updates of the Futures and Market Bias pages. They
are provided for educational purposes only and are not
intended to be direct trading advice. Also, keep in mind
that these remarks are made up to 12 hours in advance of the
market’s opening. Therefore, overnight events may alter the
outcome of these observations.
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December copper
(
HGZ0 |
Quote |
Chart |
News |
PowerRating), mentioned recently, sold off
earlier on Tuesday but reversed to close well. This suggests that its strong
uptrend remains intact. Continue looking for a buying opportunity here.
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Tonight (Tuesday) we
have three CVR signals pointing higher on the Market
Bias Page. This suggests there may be a buying opportunity in the
December index futures.
Looking ahead,
December
bonds
(
USZ0 |
Quote |
Chart |
News |
PowerRating) bounced slightly on Tuesday. They may setup as a shorting
opportunity over the next few days, especially if they can retrace around 50% of
their recent sell-off.
October
sugar
(
SBV0 |
Quote |
Chart |
News |
PowerRating), mentioned recently, has begun to pull back after selling off
from a rounded top. This market may set up over the next few days.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!